Highway Infrastructure Limited has secured a significant contract from the National Highways Authority of India (NHAI), receiving a Letter of Acceptance (LOA) worth ₹64.69 crores. The company announced this development on January 19, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Details and Scope

The contract involves operations at Mundka Fee Plaza located at Km 22+750 for the project development of UER-11, covering NH-344M and NH-344N highways in Delhi and Haryana. The company will serve as the user fee agency responsible for toll collection operations at this strategic location.

Operational Responsibilities

The contract encompasses comprehensive fee plaza management responsibilities. Highway Infrastructure Limited will handle the collection of user fees from vehicles passing through the Mundka Fee Plaza. Additionally, the company will be responsible for the upkeep and maintenance of adjacent toilet blocks, including the recouping of consumable items to ensure proper facility management.

Contract Classification and Compliance

This domestic contract falls under the category of operational services for highway infrastructure. The company has confirmed that this contract does not involve any related party transactions and maintains arm's length dealing principles. The promoter and promoter group companies have no interest in NHAI, the entity awarding the contract.

Strategic Significance

The contract represents a substantial addition to Highway Infrastructure Limited's project portfolio, involving critical highway infrastructure in the National Capital Region. The UER-11 project covers important national highways connecting Delhi and Haryana, positioning the company in a key transportation corridor. With a 90-day execution timeline, the company is expected to commence operations efficiently to meet the project requirements and establish its presence in this strategic location.

Highway Infrastructure Limited has successfully concluded its postal ballot process for the appointment of Mr. Vinayak Parkhi as Non-Executive Independent Director. The remote e-voting concluded on January 14, 2026, with overwhelming shareholder approval for the proposed resolution.

Voting Results and Participation

The postal ballot received strong participation from shareholders across all categories. The voting statistics demonstrate significant shareholder engagement in the corporate governance process.

Resolution Approval Details

The special resolution for Mr. Vinayak Parkhi's appointment (DIN: 11220908) as Non-Executive Independent Director received exceptional support from shareholders. The voting breakdown shows strong confidence across all shareholder categories.

Regulatory Compliance and Process

The postal ballot process was conducted in accordance with Section 110 of the Companies Act, 2013, and Regulation 44 of SEBI Listing Regulations. M. Maheshwari & Associates, Company Secretaries, served as the scrutinizer for the e-voting process, ensuring transparency and compliance.

Key process highlights include:

• Remote e-voting facility provided by Central Depository Services (India) Limited
• Notice issued to shareholders on December 10, 2025
• Public advertisements published in Times of India (English) and Choutha Sansar (Hindi)
• Scrutinizer's report dated January 16, 2026, confirming the validity of the process

Technical Adjustments and Timeline

The company made necessary adjustments to the voting timeline due to technical formalities. Originally scheduled to commence on December 13, 2025, the e-voting period was revised through a corrigendum to begin on December 15, 2025, at 11:50 AM IST and conclude on January 14, 2026, at 5:00 PM IST.

The scrutinizer, Manish Maheshwari (FCS 5174, CP 3860), conducted the vote counting process on January 15, 2026, in the presence of two independent witnesses, ensuring the integrity of the electoral process. The voting results and scrutinizer's report have been uploaded on the company's website at www.highwayinfrastructure.in for shareholder reference.